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University of Michigan becomes first public university to fundraise $5 billion

Posted: 9:43 AM, Oct 04, 2018

Updated:2018-10-04 14:43:24Z

The University of Michigan has become the first public university to raise $5 billion in its fundraising campaign history.

More than 382,000 donors gave to the university's Victors for Michigan campaign.

School officials say $1.1 billion will go to supporting students.

"Of the $1.1 billion raised for students, 93 percent directly supports undergraduate and graduate scholarships and fellowships, enabling the university to provide financial aid to more than two-thirds of its 46,000 students on the Ann Arbor campus."

The rest of the funds will be allocated among advancing patient care, research at Michigan Medicine, learning opportunities and state-of-the-art facilities.

Here's a breakdown of who donated and how much:

Of more than 382,000 donors, 94 percent gave less than $5,000, and more than half made their first gift to U-M through the campaign. U-M students participated not only as recipients, but also as donors and fundraisers, with nearly 10,500 students giving more than $2.3 million. More than 2,000 faculty, staff and retirees participated.